Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) has entered into a strategic partnership with global payments company Mastercard to expand access to advanced digital payment solutions for consumers and businesses across Egypt.
According to both organisations, the partnership will focus on deploying cutting-edge consumer, commercial, and digital payment tools that simplify payment processes while ensuring high standards of security and reliability.
Khaled El Salawy, Chief Executive Officer and Managing Director of ABK-Egypt, said the collaboration reflects the bank’s commitment to innovation and customer-centric banking.
“We are delighted to team up with Mastercard, a trusted enabler of our digital transformation journey,” El Salawy said. “This collaboration allows ABK-Egypt to expand its range of services to meet the diverse needs of various segments, offer innovative solutions that ensure a seamless and secure banking experience, and support Egypt’s vision of transitioning to a cashless society.”
Strengthening ABK-Egypt’s Digital Banking Offering
The collaboration positions Mastercard as a key technology and advisory partner in ABK-Egypt’s digital transformation agenda, enabling the bank to strengthen its card offerings, improve transaction security, and introduce new digital capabilities for its growing customer base.
Through the partnership, Mastercard will equip ABK-Egypt with advanced digital payment technologies designed to make transactions faster, safer, and more convenient for individuals and businesses.
These solutions are expected to enhance the bank’s card portfolio, improve fraud prevention and security features, and support the delivery of seamless digital experiences across multiple customer segments.
ABK-Egypt says the partnership will directly benefit customers by providing them with more secure, convenient, and digitally enabled banking services.
What You Should Know
Iman El Essawy, Head of the Retail Banking Division at ABK-Egypt, said the collaboration would help reinforce the bank’s position in Egypt’s increasingly competitive financial services market.
“Our customers will directly benefit from the new digital capabilities and value propositions that this collaboration with Mastercard brings, ensuring a secure and convenient banking experience to our customers and reinforcing the Bank’s position in a highly competitive market,” Iman El Essawy said.
For Mastercard, the partnership aligns with its broader strategy of supporting digital transformation and financial inclusion across emerging markets.
Mohamed Assem, Country Manager for Egypt, Lebanon and Iraq at Mastercard, said the company is committed to empowering financial institutions with trusted technologies that support sustainable economic growth.
“We are proud of our joint efforts with ABK-Egypt to expand access to secure digital financial solutions. Mastercard remains dedicated to empowering partners with trusted technologies that support sustainable growth within Egypt’s digital economy,” Assem said.
Advancing Financial Inclusion and a Cashless Future
The collaboration comes as Egypt continues to invest in digital infrastructure and promote cashless payments as part of its national economic development agenda.
By combining ABK-Egypt’s local market presence with Mastercard’s global payments technology, experts say the partnership aims to support financial inclusion, improve access to formal financial services, and enable more consumers and businesses to participate in the digital economy.
Both organisations said they remain committed to advancing innovation and creating a more inclusive financial ecosystem in Egypt, demonstrating how strategic partnerships between banks and technology providers can play a central role in modernising financial services and driving long-term economic development.
Talking Points
It is impressive that ABK-Egypt has partnered with Mastercard to expand digital payment solutions, addressing a key challenge in Egypt’s financial sector, the need for secure, convenient, and accessible digital banking for both consumers and businesses.
This collaboration positions ABK-Egypt as a forward-looking bank, offering practical tools that simplify transactions, reduce fraud risk, and enhance the overall customer experience across multiple segments. It also supports Egypt’s broader goal of transitioning to a cashless economy.
At Techparley, we see partnerships like this as critical for accelerating digital transformation beyond major urban centres. By providing reliable digital solutions, ABK-Egypt and Mastercard are bringing real value to underserved communities and businesses that may have previously relied on cash or traditional banking channels.
The integration of secure digital payments and advanced card services allows both individuals and businesses to operate with the same efficiency and confidence as larger organisations. However, widespread adoption will depend on user education, trust in the technology, and ensuring that solutions are affordable and easy to use.
As this collaboration scales, there is an opportunity to deepen financial inclusion across Egypt. Through partnerships with cooperatives, businesses, and development programmes, ABK-Egypt and Mastercard can expand access, strengthen the digital economy, and create a more inclusive financial ecosystem where everyone benefits.
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